GM i'm longing $ETH looks bullish to me on daily time chart, | Syed Ehtisham Hussain on Binance Square

Trending Articles

Bookmarked and Liked

Syed Ehtisham Hussain

--

GM i'm longing $ETH looks bullish to me on daily time chart,NOTE: Manage your risk accordingly

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

ETH

4,268.47

+2.19%

460

0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

Syed Ehtisham Hussain

@sehtisham074

Explore More From Creator

Crypto is bleeding.

--

WHY IS CRYPTO BLEEDING

--

The recent downturn in the cryptocurrency market can be attributed to several key factors: 1. Major Exchange Hack: Three days ago, Bybit, the world's second-largest crypto exchange, suffered a significant security breach resulting in the theft of $1.5 billion. This incident shook investor confidence and highlighted vulnerabilities within major trading platforms, leading to a broader market sell-off. 2. Disappointment Over U.S. Crypto Reserve Details: President Donald Trump's announcement of a U.S. Crypto Reserve initially boosted market optimism. However, it was later revealed that the reserve would consist of cryptocurrencies already in federal possession through asset forfeiture, rather than new government acquisitions. This clarification dampened investor enthusiasm, contributing to price declines. 3. Broader Economic Concerns: Fears of a global trade war, sparked by President Trump's announcement of new tariffs on imports from Canada, Mexico, and China, have increased market volatility. Such economic uncertainties often lead investors to retreat from riskier assets, including cryptocurrencies. Collectively, these developments have led to heightened uncertainty and reduced confidence in the cryptocurrency market, resulting in the observed downturn.

--

APT/USDT Here are a few trading strategies based on your chart: 1. Support and Resistance Trading Buy near support: If the price pulls back to a support level (e.g., around $5.80 or $6.00), you can look for a bounce to enter a long position. Sell near resistance: If the price approaches a resistance level (e.g., around $6.80 or $7.00), you can look for a rejection to enter a short position. 2. RSI Strategy Overbought & Oversold: Your RSI is around 62, meaning the asset is not yet overbought (above 70). If it moves into overbought territory, expect a possible pullback. Divergences: If the price forms higher highs while the RSI forms lower highs (bearish divergence), it could indicate a potential reversal. 3. Breakout Trading The chart shows a breakout from a previous resistance level around $6.40. If the breakout holds, the next target could be the next resistance zone ($6.80 - $7.00). Confirmation: A retest of the breakout level ($6.40) that holds as support can confirm the move. 4. Trend-Following Strategy If the price stays above moving averages (like EMA or SMA) or key support levels, look for buying opportunities. If the price starts making lower highs and lower lows, shift to a short-selling strategy.

--

$SOL Crashes, massive buying oppurtunity or more pain?

--

Latest News

Increased Demand for Shorting iShares and Junk Bonds Signals Market Caution

--

Ethereum Holdings Reach Significant Levels in Strategic Reserves and ETFs

--

Infini Team Demands Return of Stolen Funds by August 13

--

Bitcoin News: Bitcoin Nears All-Time High at $122K as ETF Inflows and White House Support Fuel Rally

--

Ethereum News: Ethereum Whale Buys Nearly $1B in ETH in a Week, Market Cap Overtakes Mastercard

--

Trending Articles

ALERT 🚨 --- Short-Term Crypto Signal — $DOT (Polkadot)

Ripple CTO Confronts Custodia Bank CEO Over XRP Criticism

BeMaster BuySmart

$AVAX AVAX Price Predictions for End of A

Katherin Cluxton

🔥 The Alaska Shock: Trump 🤝 Putin to Decide Ukraine’s Fate in America’s Cold Frontier 🇺🇸❄️

Muhammadd Hamza

⚡ 5 Altcoins With INSANE Potential Before the Next Bull Run 📈

Cookie Preferences

Cookie Preferences